On the morning of March 20, 2025, Cai Yihong, Vice President of the China-Malaysia Chamber of Commerce and Chairman and CEO of Shanghai Fupeng Green Science and Technology Group Co., Ltd., visited the Oliver Hart Center for Contracts and Governance at East China University of Science and Technology (hereinafter referred to as the "Hart Center") for strategic talks on in-depth cooperation between industry, academia, and research. Professor Wu Yuyan, Executive Director of the Hart Center, Director of the Laboratory of Urban and Regional Analysis, and Professor of the Department of Economics at the Business School, and Dr. Zhang Chenfeng warmly received and participated in the talks.

    Professor Wu Yuyan first extended a sincere welcome on behalf of the Hart Center to the visiting delegation led by Mr. Cai Yihong. He systematically introduced the academic strengths of East China University of Science and Technology and its Business School. He pointed out that the Business School, leveraging the university's research strengths in chemical engineering, new energy, new materials, and biomedicine, has innovatively established an integrated training model of "Business + Engineering + Science + Technology" (iBEST). It has three first-level discipline doctoral points and a 5+1 professional degree training system, and has consistently ranked among the top in Mainland China in the QS World University Rankings by Subject. As the first research institution in China named after a Nobel laureate in Economics, the Hart Center focuses on the research of incomplete contract theory and ESG (Environment, Social, Governance), and is currently building a collaborative innovation platform for industry, academia, and research.

    Chairman Cai Yihong highly praised the academic influence of the Hart Center and gave a detailed introduction to the development of the China-Malaysia Chamber of Commerce and Fupeng Green Science and Technology. He pointed out that as a leading enterprise in the field of environmental protection technology, Fupeng Green Science and Technology has always adhered to the concept of "innovation-driven sustainable development" and has accumulated a deep technical reserve in the fields of new material research and development, intelligent detection equipment manufacturing, and environmental protection product manufacturing. Based on an in-depth analysis of the strengths of both sides, he proposed three major strategic cooperation directions: First, in the field of material science, he hopes to jointly build a joint laboratory with East China University of Science and Technology, entrust the professor team to carry out cutting-edge technology research and development, and the enterprise will provide special scientific research funds. Second, in the field of intelligent detection, it is planned to integrate the technical forces of both sides to develop portable automated detection equipment and break through the volume and cost bottlenecks of traditional detection instruments. Third, in the ESG field, it is planned to jointly build a demonstration base, introduce the resources of the Global ESG Leaders Forum, and jointly cultivate benchmark enterprises for sustainable development.

    Professor Wu Yuyan responded positively to the cooperation vision put forward by Chairman Cai Yihong. He emphasized that the Hart Center has always been committed to promoting the deep integration of economic theory and industrial practice, and ESG research is one of the key development directions of the center. Cooperation between the two sides in promoting the research and development of new materials, intelligent equipment manufacturing, and ESG not only conforms to the national science and technology innovation strategy, but also highly matches the iBEST talent training model of the Business School. He suggested that both sides should quickly sign a strategic cooperation agreement, establish a regular communication mechanism, start from specific projects to gradually deepen cooperation, and in the future, explore the joint construction of a joint research center or industrial college.

    This negotiation marks the official launch of the strategic cooperation between the Hart Center and Fupeng Green Science and Technology. Taking this meeting as an opportunity, both parties will fully leverage their respective strengths to carry out all-round cooperation in the fields of new material technology research and development, intelligent detection equipment innovation, and ESG system construction. They will jointly promote collaborative innovation between the university and the enterprise in industry, academia, and research, and inject new impetus into the sustainable and high-quality development of enterprises, industries, and regional economies.